International Business Machines (NYSE:IBM) Trading Up 1.2% Following Analyst Upgrade

Shares of International Business Machines Co. (NYSE:IBM) were up 1.2% during trading on Tuesday after UBS Group raised their price target on the stock from $125.00 to $130.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $184.23 and last traded at $184.02. Approximately 627,067 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 4,703,278 shares. The stock had previously closed at $181.90.

Several other research firms also recently commented on IBM. Bank of America upped their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Jefferies Financial Group started coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research report on Wednesday, April 17th. Finally, Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $177.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IBM. Naples Money Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $29,000. Briaud Financial Planning Inc bought a new position in International Business Machines in the 3rd quarter valued at approximately $31,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC raised its holdings in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.2 %

The business’s fifty day moving average is $188.35 and its 200-day moving average is $169.88. The firm has a market cap of $167.02 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $3.60 EPS. Analysts predict that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.